ADVERTISEMENT
  • Contact Us
  • Articles
  • Nollywood Snippets
  • Romance
  • Special Report
  • US This Week
  • Brain Teasers
  • Music Gists
  • From The NGOs
  • Advertisement
  • Privacy Policy
DGovScoops
  • Home
  • Politics
  • Business
  • Nation
  • World
  • Sports
  • Tech
  • Entertainment
No Result
View All Result
  • Home
  • Politics
  • Business
  • Nation
  • World
  • Sports
  • Tech
  • Entertainment
No Result
View All Result
DGovScoops
No Result
View All Result
Home Breaking News

Court freezes back accounts of forex trading platforms

dgovscoops by dgovscoops
August 18, 2021
in Breaking News, Crime
0 0
0
Federal high Court abolishes fees on human rights cases
0
SHARES
33
VIEWS
Share on FacebookShare on Twitter
">
ADVERTISEMENT

Court freezes back accounts of forex trading platforms

By Jennifer Ugwueke

The Federal High Court Abuja has frozen the bank accounts of some investment and trading platforms that Nigerians have been using to transact online.

Justice Ahmed Mohammed made the order on Tuesday while delivering his ruling in an ex parte application filed by the Central Bank of Nigeria through its lawyer, Micheal Aondoakaa (SAN).

Justice Mohammed stated that persons who were aggrieved by the order could approach the court for redress.

The CBN told the court that the financial activities of the defendants were being probed for operating without obtaining licence as asset management companies and utilizing FX sourced from the Nigerian FX market for purchasing foreign bonds/shares in contravention of the CBN circular referenced TED/FEM/FPC/GEN/01/012, dated July 01, 2015.

The defendants affected by the order are Rise Vest Technologies Limited, Bamboo Systems Technology Limited, Bamboo Systems Tech. Ltd OPNS, Chaka Technologies Limited, CTL/Business Expenses and Trove Technologies Limited.

The CBN had prayed the court for ‘An interim order of this honorable court empowering the plaintiff/ applicant to direct the head offices of Zenith Bank Plc (Churchgate Street, Victoria Island, Lagos), Guaranty Trust Bank Plc (Plot 635, Akin Adesola, Victoria Island, Standard Chartered Bank (142, Ahmadu Bello Way, Victoria Island, Lagos.), Access Bank of Nigeria (999c, Danmole Street, off ldejo Street, Off Adetola Odeku Street, Victoria Island, Lagos), VFD Microfinance Bank (Elephant House. 5, Floor, 214 Broad Street, Marina Island, Lagos), to freeze forthwith all the bank accounts of the defendants/respondents for a period of 180 days pending the outcome of investigation and inquiry conducted by the CBN.”

A senior supervisor of the apex bank, Christiana Gyang, deposed to the fact that the bank had reviewed the activities of the defendants to determine their alleged involvement in illegal foreign exchange.

In response to the court order, Risevest sent mail to all its customers.

It said, “With regard to the latest news about us and our FX dealings, you can be sure that your investments and funds are safely managed, that funding and withdrawals will continue to be processed as normal, and that all our US operations remain intact.

“We will work with regulators, as we always have to ensure that all issues raised are properly addressed.

“However, this does not affect our users or their investments, which are managed by regulated third parties in all jurisdictions in which we operate.

“Thank you for choosing Rise.”

In a tweet, Bamboo said, “Hi everyone, we are aware of the recent reports about us. Our legal and government relations teams are looking into them but we thought it was important to let you know that your money remains safe with Bamboo and will always be readily accessible.”

Share this:

  • Twitter
  • Facebook
  • WhatsApp
  • LinkedIn
  • Telegram
  • Print

Related

">
  • Trending
  • Comments
  • Latest
BREAKING NEWS: BIDEN APPOINTS KOGI-BORN FEMALE INTO HIS CABINET

BREAKING NEWS: BIDEN APPOINTS KOGI-BORN FEMALE INTO HIS CABINET

January 13, 2021
Oba of Benin finally opens up, Advises on the candidate to vote for in the forthcoming Edo Governorship Election

Oba of Benin finally opens up, Advises on the candidate to vote for in the forthcoming Edo Governorship Election

August 28, 2020
An Apprentice At Chucks Supermarket Paid us to Kill the Owner- Suspect

An Apprentice At Chucks Supermarket Paid us to Kill the Owner- Suspect

July 29, 2020

Breaking News: Isanlu Robbery: Police Arrests Suspects

June 18, 2020
Publisher’s Comment

Publisher’s Comment

2
Breaking News: Tribunal Dismisses PDP’s Petition, affirms Bello of the APC as Governor

Breaking News: Tribunal Dismisses PDP’s Petition, affirms Bello of the APC as Governor

1
COVID-19: INEC to receive names of Edo, Ondo guber candidates online, says e-voting will begin in 2021

COVID-19: INEC to receive names of Edo, Ondo guber candidates online, says e-voting will begin in 2021

1
Governors reject Buhari’s order on state legislature, judiciary

Governors reject Buhari’s order on state legislature, judiciary

1
5G will revolutionise Nigeria’s Creative Industry – Danbatta

Nigeria’s Broadband Penetration Hits 44.5%- Danbatta

August 9, 2022
Olubadan of Ibadan backs clamour for telecoms infrastructure protection

Olubadan of Ibadan backs clamour for telecoms infrastructure protection

August 8, 2022
Ogun 2023: Amosun exposing his age-long anti-democratic tendencies-Expert

Ogun 2023: Amosun exposing his age-long anti-democratic tendencies-Expert

August 6, 2022
HON FANDA CONDEMNS PELOSI ‘S VISIT TO TAIWAN

HON FANDA CONDEMNS PELOSI ‘S VISIT TO TAIWAN

August 5, 2022

Recent News

5G will revolutionise Nigeria’s Creative Industry – Danbatta

Nigeria’s Broadband Penetration Hits 44.5%- Danbatta

August 9, 2022
Olubadan of Ibadan backs clamour for telecoms infrastructure protection

Olubadan of Ibadan backs clamour for telecoms infrastructure protection

August 8, 2022
Ogun 2023: Amosun exposing his age-long anti-democratic tendencies-Expert

Ogun 2023: Amosun exposing his age-long anti-democratic tendencies-Expert

August 6, 2022
HON FANDA CONDEMNS PELOSI ‘S VISIT TO TAIWAN

HON FANDA CONDEMNS PELOSI ‘S VISIT TO TAIWAN

August 5, 2022
DGovScoops

Dear readers, welcome to the fresh soothing world of exclusive scoops from the No1 exclusive story merchants of the industry. We are poised to exercise our mandate as "watchdog of the society" with all sense of patriotism and responsibility.

Browse by Category

  • Articles
  • Brain Teasers
  • Breaking News
  • Business
  • Crime
  • Education
  • Entertainment
  • From The NGOs
  • Health
  • Latest News
  • Lifestyle
  • Music Gists
  • Nation
  • Nollywood Snippets
  • Politics
  • Romance
  • Special Report
  • Sports
  • Tech
  • US This Week
  • World

Recent News

5G will revolutionise Nigeria’s Creative Industry – Danbatta

Nigeria’s Broadband Penetration Hits 44.5%- Danbatta

August 9, 2022
Olubadan of Ibadan backs clamour for telecoms infrastructure protection

Olubadan of Ibadan backs clamour for telecoms infrastructure protection

August 8, 2022
  • Contact Us
  • Articles
  • Nollywood Snippets
  • Romance
  • Special Report
  • US This Week
  • Brain Teasers
  • Music Gists
  • From The NGOs
  • Advertisement
  • Privacy Policy

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
21